In 2016, the amount of chrome ore imported worldwide amounted to 25M tonnes, surging by 2% against the previous year figure. The total import volume increased at an average annual rate of +2.4% over the period from 2007 to 2016- the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2013, when import increased by 11% year-to-year. In that year, global chrome ore imports attained its maximum volume of 27M tonnes. From 2014 to 2016, growth of global chrome ore imports stood at a somewhat lower level.

From 2007 to 2016, the most notable growth rate of chrome ore imports, among the main importing countries, was attained by China, Hong Kong SAR (+155.9% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China ($1.6B) constitutes the largest market for imported chrome ore worldwide, making up 76% of global imports. The second position in the ranking was occupied by Russia ($126M), with the share of 6% of global imports. It was followed by China, Hong Kong SAR, with the share of 2%.

In China, chrome ore imports expanded at an average annual rate of +0.5% over the period from 2007-2016. The remaining importing countries recorded the following average annual rates: Russia (-6.0% per year) and China, Hong Kong SAR (+81.5% per year).

Chrome Ore Import Prices By Country

The average chrome ore import price stood at $85 per tonne in 2016, shrinking by -16.7% against the previous year. In general, chrome ore import price continues to indicate a temperate setback. The most prominent rate of growth was recorded in 2008, when import increased by 61% from the previous year level. In that year, average chrome ore import price attained its maximum level of $172 per tonne. From 2009 to 2016, growth of average chrome ore import price failed to regain its strength.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was Russia ($156 per tonne), while Albania ($0 per kg) was among the lowest.

From 2007 to 2016, the most notable growth rate of chrome ore import prices was attained by Albania (+44.2% per year), while the other global leaders experienced more modest paces of growth.

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All data provided in this article covers the following product: HS Code 2610 - Chromium ores and concentrates.